OREANDA-NEWS. June 06, 2008. Rosevrobank, one of Russia’s fifty largest banks by assets, announced the successful issuance by  Rosevro Finance Limited, a Cypriot-based company, of the second tranche under its US\\$500 million Loan Participation Note program, reported the press-centre of RosEvroBank.

The second tranche raised US\\$80 million and was issued at an 9,25% yield with a one-year tenor. Alexander Arkhipov, Head of International Business Development for Rosevrobank, noted: “We are pleased to be the third Russian bank – and first non-investment grade Russian bank – to successfully tap the international debt capital markets in over ten months. We greatly value our relationship with our international noteholders and are pleased by the positive reception and support they continue to give us. We look forward to successful future issues under this program.”

The money raised by the issuance will be on-lent by Rosevro Finance Limited to Rosevrobank and used to fund the growth of the bank’s loan portfolio. The arranger and dealer was BCP Securities LLC, a US-based boutique investment bank specializing in emerging markets fixed income securities.

BCP Securities’ President Randall Pike stated: “We are proud to work with such a solid bank as Rosevrobank and contribute to the bank’s continued growth by helping it tap a sophisticated global investor base seeking attractively priced fixed income investment opportunities in emerging markets. We also take pride in having successfully brought the first non-investment grade Russian bank to market since the liqudity crisis began in July 2007. We look forward to continuing to contribute to Rosevrobank’s growth going forward and truly value the bank as a long-term partner.”